Depositing these Altcoins will help you qualify for 100 Airdrops

A new strategy has emerged in the cryptocurrency market that offers significant benefits to savvy investors. A popular analyst recently shared a comprehensive guide to saving a group of altcoins that will unlock more than 100 airdrops.

While this strategy is relatively untested, its potential makes it a compelling subject for investors to research and understand its viability and benefits.

Altcoins promising airdrops

Influential X (ex-Twitter) user Rect Fencer aims to benefit from multiple blockchain ecosystems that promise to produce “more than 100 airdrops worth over $1 million this year.” For the Celestia ecosystem, Fencer recommends storing at least 2 TIA shares on Kepler Wallet and Milkyway. This strategy is designed to take advantage of the growth of the Celestian network.

“TIA Airdrops are generating a lot of attention right now. So far, there are 4 confirmed airdrops: Dymension (DYM), Milkyway (MILK), Movement (MOV) and Doki (DOKI),” Fencer confirmed.

On the other hand, in the injectable ecosystem, the strategy involves depositing INJ through the Keplr Wallet. Fencer recommended delegating to Black Panther and Thales Protocol, and getting involved with projects like Helix and Hydro Protocol. This approach leverages Injectiv's robust marketing platforms and unique offerings.

“Injection is up 1,600% and has surpassed SOL, BNB, and ATOM by crushing this year. But when you look at the ecosystem, it feels very early and most projects are still in Testnet. This is the right time for projects to release their tokens and do airdrops,” said another X user. Pepeso said.

Read More: Best Upcoming Airdrops in January 2024

The Cosmos ecosystem also offers a more diverse strategy. It involves staking multiple tokens including ATOM, OSMO, TIA, JUNO, SEI and KUJI via the Keplr Wallet. This diverse approach may yield rewards from multiple sources within the interconnected networks of the cosmos.

Meanwhile, for enthusiasts of the Pyth ecosystem, Fencer proposes to store at least 100 PYTH on the Pyth dApp. Similarly, he recommends trading on platforms like Drift Protocol and Parcl. This method looks at Paiz's real-time market data feed and growing list of ecosystem projects.

“Pyth dominates as the largest and fastest-growing staking network, fueling over 140 dApps. It's no surprise that tokenless dApps powered by PYTH technology use PYTH staking as a key requirement for their airdrops,” added Fencer.

More air drops on the horizon

In the Eigenlayer ecosystem, the strategy involves reloading ETH on EigenLayer and locking it on platforms like Kelp DAO and Swell. Meanwhile, Sui's ecosystem strategy includes stacking more than 50 SUI across multiple platforms, including Scallop and NAVI protocol, and engaging with dApps such as KriyaDEX. This scheme aims to exploit the high performance of these blockchains for maximum profit.

For the SEI ecosystem, Fencer recommends storing SEI on platforms such as Yaka Finance and Kawa and trading on vDEX.ai. Finally, he proposed the inclusion of more than 5 APTs in the Aptos ecosystem on platforms such as Amnis Finance and Pontem Lumio. This strategy is designed to take advantage of these scalable infrastructures and the DeFi ecosystem.

“Aptos Labs has successfully raised an impressive $350 million in two funding rounds, attracting investors such as a16z, Multicoin Capital, Coinbase and others. Aptos has only taken down 3% of its reserved tokens for the community. There are still 480 million APT tokens for the community to claim,” said another X User Ardizor said.

Read More: Earning Passive Income in Forex and Airdrop in 2024

A fencer's guide, while broad, requires a deep understanding of the ecosystem and their keeping process. Investors should conduct thorough research and consider the risks of crypto staking, including market volatility and technological instability.

By following these steps, crypto enthusiasts can unlock many airdrops, but caution and caution are essential in navigating a cautious but high-risk strategy.